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The Marked Chart Wire · Markets
Hedge Funds
Hedge fund Walle is reportedly returning a portion of its capital to investors, according to a client letter.
Part of a series: Hedge Funds: the latest, in order
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Volatility
The S&P 500 VIX surged 43.57 percent to 23.79 in early trading, indicating a sharp rise in expected market turbulence.
HotMarket Volatility
The Nasdaq 100 index declined by 5.1 percent while the S&P 500 fell 2.8 percent. The VIX volatility index jumped 44 percent during the session.
S&P 500
Futures reversed lower Thursday after stalling around 7,730. Traders are now watching 7,530 as the next potential support point for the index.
Market Rotation
BTIG warns that shifting money between market groups could cause a wider decline. The firm notes 22 percent of S&P 500 components are overbought while chip stocks remain oversold.
HotTesla
Tesla shares lost 10 percent of their value, while SpaceX stock fell 7.5 percent in trading.
Markets
The Nasdaq 100 index extended its decline to 3 percent while the S&P 500 dropped 1.3 percent. Bitcoin traded at $78,863, down 0.54 percent.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.